Beat The Clock: Don't Miss the Nov. Deadline for the Illinois Retirement Benefit Mandate

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Greetings from the Rock Valley College Small Business Development Center! We're committed to keeping you informed about important legislative changes that could impact your business. One such crucial update is the upcoming deadline for the Illinois Secure Choice state retirement mandate.

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What is the Illinois Secure Choice Program?

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The Illinois Secure Choice program is a state-run retirement savings program that mandates eligible businesses to either register with the state program or enroll in a qualified retirement plan. The deadline for compliance is November 1, 2023, and businesses with five or more employees are required to take action or risk facing non-compliance fines.

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Why Should You Attend the Webinar?

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We highly recommend attending the webinar hosted by Human Interest on Wednesday, October 11, 2023, at 11:00 AM CDT. Marc Fowler, the Retirement Education Director at Human Interest, will be the main speaker. He will provide valuable insights into:

• Which Businesses Are Impacted: Understand the criteria that make a business eligible for this mandate.
• How to Comply: Learn the steps you need to take to meet the upcoming deadline and what to do if you've missed a previous one.
• Options for Employers: Explore the various retirement plan options available to you as an employer.

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How to Register

Don't miss this opportunity to get up to speed on this important legislation.

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‍You can click me here to register here for the October session.

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If you're unable to attend the webinar, you can still register to receive a recording of either the September or October sessions. This way, you can stay informed and make the best decisions for your business.

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Final Thoughts

Compliance with state and federal regulations is crucial for the smooth operation of your business. The Illinois Secure Choice program is no exception. Take advantage of this webinar to ensure you're on the right track.

Stay informed, stay compliant, and as always, feel free to reach out to us at the Rock Valley College SBDC for any further guidance or consultation.

M.Wright@RockValleyCollege.Edu  

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